Call Scamahorn Appraisals when you need valuations for Spokane foreclosures

Foreclosure Appraisal in Spokane County

Homes that have gone back to the financial institution's possession and houses in foreclosure create unique appraisal difficulties.

When there is a property in foreclosure, it's important to recognize market value versus a "quick disposition" value to evaluate your probable charge-off liability. Scamahorn Appraisals has the experience in both supplying snapshots of market value for our mortgage servicing clients, as well as "quick sale" forecasts that take into consideration your pressing needs.

You need a company with the experience to handle the unique dynamics of a foreclosure appraisal. Contact Scamahorn Appraisals for a company you can trust.

Particular challenges might be present when working with owners of houses in foreclosure. They may be uncooperative to allowing an inspection of the house. Often the properties show signs of vandalism, unfortunately at the hands of the residents. Or, it's likely you'll find the previous owners have moved out or the home neglected for long periods of time.

For a property that has already returned to Real Estate Owned, you probably will be going for a speedy disposition. However, you may want to know about and compare the definitions of "as-is", "as repaired", and "quick sale" values. These represent:

  • The value of the home without any work performed
  • Possible value with the repairs needed to make the property marketable at full market value - in accordance with competing properties in the neighborhood
  • With minimal investment in repairs - to sell the home quickly, possibly to someone inclined to finish the job themselves
Again, we understand your timeline and the special situation of an REO property, in addition to the special information you'll need - competing listings, neighborhood trends, and the like. You can rely on Scamahorn Appraisals to handle the task of your bank owned property professionally and efficiently. Contact us today.